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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) APRIL 27, 1999
INSCI CORP.
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State of other jurisdiction of incorporation)
1-12966 06-1302773
Commission File No. I.R.S. Employer Identification
TWO WESTBOROUGH BUSINESS PARK,
WESTBOROUGH, MA 01581
Address of principal Zip Code
executive offices
(508) 870-4000
Registrant's telephone number,
including area code
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ITEM 5. Other Events
On April 27, 1999, the Registrant (the "Company") filed a Form S-8
Registration Statement for 3,000,000 shares of common stock underlying 3,000,000
options authorized to be issued pursuant to the Company's 1997 Equity Incentive
Plan (the "Plan"). The Plan was previously approved by Shareholders at the
Company's Annual Meeting held on September 26, 1996. Eligible participants in
the Plan include Officers, Directors and Employees of the Company. Included in
the S-8 Registration Statement were 1,041,000 underlying shares for stock
options of Officers, Directors and/or affiliates of the Company. To date, no
Officer, Director, or affiliate has exercised any stock option and the Company
is not aware of any present intent of its Officers, Directors or affiliates to
exercise options and/or sell underlying shares. Upon exercise of any of the
stock options subject to the Plan, Officers, Directors or affiliates of the
Company are subject to the applicable rules and regulations governing the
issuance and sale of shares of common stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: Westborough, MA
April 30, 1999
INSCI CORP.
(Registrant)
/s/ Roger Kuhn
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Roger Kuhn
Chief Financial Officer
